Indian stock markets experienced a significant downturn on Friday. The decline was driven by geopolitical tensions between the US and Iran along with a weakening rupee.
Widespread selling hit financial stocks particularly hard during the session. Auto and energy sectors also posted major losses as investors reacted to the developments.
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Crude oil prices surpassing $100 have erased Rs 20 lakh crore from Indian equity markets this week, amid escalating Iran conflict. The rupee hit a record low as foreign institutional investors continued selling, intensifying the downturn. Experts suggest the panic could present long-term buying opportunities.
Geopolitical tensions in the Middle East, involving the US, Israel, and Iran, have triggered a slide in Asian shares and a surge in oil prices. Investors are turning to the US dollar for safety amid fears of prolonged energy cost increases and inflation. While emerging markets face short-term losses, experts see long-term resilience.
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Indian stock markets staged a significant rebound on Wednesday, fueled by hopes for peace in West Asia and falling oil prices. The NSE Nifty and BSE Sensex climbed substantially during the day, though some gains moderated by the close. Sectoral indices ended higher across the board amid cautious investor sentiment.
Benchmark indices Nifty and Sensex climbed over 0.9% and 1% respectively on Tuesday, amid short covering in anticipation of US-Iran peace talks following the recent ceasefire. Foreign institutional investor selling also eased, supporting the rebound.
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Global stocks reached record highs after President Trump indicated progress in Iran negotiations. The news eased geopolitical tensions, boosting technology shares in South Korea. Brent crude oil prices fell amid the positive market sentiment.
Indian stock indices surged more than 1% on Monday, recovering from early losses. The rebound was fueled by a proposed ceasefire in West Asia and stable crude oil prices. The Nifty closed at 22,968.25, while the Sensex ended at 74,106.85.
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Shares of gas and paint companies in India rose up to 5% on Tuesday following US President Donald Trump's comments suggesting a quick end to the conflict with Iran. The remarks led to a sharp decline in crude oil prices, easing supply concerns and reducing input costs for these sectors. This reversal came after earlier tensions had caused stock drops and shortages in Indian cities.